Center on Wealth, Poverty, and Morality

The mission of Discovery Institute’s Center on Wealth, Poverty, and Morality is to connect the practical truths of economics with the perennial truths of ethics. We are building a sustained and accessible defense of free enterprise, entrepreneurship, and stewardship in the moral categories consonant with most Americans. Read more.

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Universal Basic Income? Fear of AI Fuels a New Argument for Socialism

With Alexandria Ocasio-Cortez and other Democratic candidates for president floating wilder trial balloons than a psychedelic circus, I’m surprised they have not (yet) picked up on the universal basic income (UBI). The UBI (guaranteed income for employable people who choose not to work) is far and away the favorite “solution” among those strong AI enthusiasts who expect machines to replace human work. They expect vast swaths of the country to be out of work for good. So far, the only candidate plugging UBI is entrepreneur Andrew Yang. Yang is more idea-oriented than his Democratic opponents and he has made UBI central to his presidential campaign in the key state of Iowa. His plan would offer $1,000 a month per person. I suspect it’s only a matter of time before other

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